CORPORATE
RESEARCH & DEVELOPMENT
BHEL to spend Rs 500 cr on R&D
To develop high technology intensive products
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ANNOUNCEMENTS
Lupin adds to Suprax basket in US
Mumbai, April 29 Lupin Ltd has launched Suprax 400 mg tablets (Cefixime USP) in the US. The product is a line extension of Lupin’s flagship anti-infective Suprax in an oral suspension form. Suprax® 400 mg tablets will help ...
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Indoco changes financial year end
Indoco Remedies Ltd has changed its year ending to March from this fiscal. The company’s board of directors has decided to change its financial year ending from June to March with immediate effect, a note from the company said. As a result, ...
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DIVIDEND ANNOUNCEMENT
Monnet Ispat announces 25% interim
New Delhi, April 29 Monnet Ispat and Energy Ltd has announced an interim dividend of 25 per cent for the financial year 2007-08. The company reported a 104 per cent increase in net sales to Rs 380.64 crore for the January-March 2008 ...
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INSIGHT
Shifts in business segments account for major growth in cos, says McKinsey
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COURTS/LEGAL ISSUES
‘Reliance KG fields may go on stream by Aug’
Mumbai, April 29 The Reliance Industries Ltd-controlled gas fields in the Krishna-Godavari basin could go on stream by August, said Mr Harish Salve, Senior Counsel for RIL on Tuesday. He was arguing at the Bombay High Court in the ...
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ACCOUNTANCY
Changes likely in depreciation norms for infrastructure projects
Govt bid to attract more private investors on BOOT basis
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NEW PROJECTS
Srei building photovoltaic factory, power plant at Haldia
Kolkata, April 29 Srei, along with American firm Persius, will invest Rs 4,000 crore to build a photovoltaic factory and a 100-MW captive power plant at Haldia. German chip manufacturer Centrotherm will provide technological know-how in the ...
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J.G. Hosiery on expansion mode
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OVERSEAS INVESTMENTS
Berger Paints set to acquire Polish firm for $38.6 m
Kolkata, April 29 Berger Paints India is set to acquire Bolix SA of Poland at a price of around $38.6 million. The deal was being executed through a complete buy-out of Advent International, a global private equity investor, which ...
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EVENTS
Tighten your belts, PM tells corporates
‘Sobriety in corporate life style, compensation can help cut costs’
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OUTLOOK
Mahindra plans ultra low-cost rural tractor
Mumbai, April 29 Mahindra Tractors plans to launch an ultra-low-cost tractor to drive deep into the rural market.The tractor that would cost around Rs 2 lakh and meet all the basic standards is in the concept stage. Mahindra, the ...
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Issue of shares to foreign cos may be allowed against payment made to third party
New Delhi, April 29 Indian companies may soon be permitted to issue equity shares to their foreign parents against payments made by the latter on behalf of it to a third party. This could be among a slew of measures that the Department ...
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NEW PRODUCTS & SERVICES
MSD Pharma's new diabetic drug
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